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Play of the Day: EUR/JPY Is Hitting New Monthly Highs!

November 16, 2023| Forex Market

Who’s looking for more trend setups?

If you are, then you better not miss what’s cookin’ on EUR/JPY’s 15-minute chart!

I’m talking about the pair testing the 164.25 level that lines up with a resistance that held earlier today. The retest comes after EUR/JPY found support form today’s Pivot Point line and yesterday’s resistance zone.

Is EUR/JPY looking at a bullish breakout in the making? Or is it due for a pullback?

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